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BUSINESS

HSBC seeks to appease investors

Business, Published on 05/05/2018

» HSBC Holdings Plc's new chief executive sought to mollify investors with a share buyback of up to $2 billion, as the bank reported yesterday an unexpected 4% drop in first-quarter pre-tax profit due to a surge in spending.

BUSINESS

Remington to exit bankruptcy

Business, Published on 05/05/2018

» Remington Outdoor Company, one of the oldest and largest gun makers in the United States, said that a bankruptcy judge had approved its reorganisation plan, which will transfer ownership of the company to creditors including JPMorgan Chase & Co.

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BUSINESS

Built Land plans post-IPO growth

Business, Kanana Katharangsiporn, Published on 05/05/2018

» Property developer Built Land Plc looks set to place an initial public offering (IPO) through the Stock Exchange of Thailand next year, aiming to expand its residential development business in both the low-rise housing and condominium segments.

BUSINESS

SET lures SMEs with crowdfunding, OTC

Business, Darana Chudasri, Published on 05/05/2018

» The Stock Exchange of Thailand (SET) yesterday launched Live Fincorp Co, a subsidiary offering crowdfunding and an over-the-counter (OTC) trading platform using blockchain technology that is expected to allow startups and small and medium-sized enterprises (SMEs) to access the capital market.

BUSINESS

US-China trade talks preoccupy investors, SET little changed

Business, Published on 05/05/2018

» Recap: Concerns over US-China trade negotiations pressured global bourses this week, while the US dollar weakened after the Federal Reserve left its interest rate unchanged. Thai shares were little changed in a week that included a holiday on Tuesday.

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BUSINESS

ADB feels out EEC investment

Business, Erich Parpart, Published on 05/05/2018

» The Asian Development Bank (ADB) is still looking broadly into investment in the Eastern Economic Corridor (EEC) and remains open in terms of infrastructure project financing.

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BUSINESS

Giants throw hats into gas block auction ring

Business, Yuthana Praiwan, Published on 05/05/2018

» Half a dozen petroleum exploration and production (E&P) giants submitted their pre-qualification evaluation documents to the Mineral Fuels Department yesterday, showing their intent to participate in the upcoming auction of the Erawan and Bongkot gas blocks this year.

BUSINESS

US jobless rate hits 17-year low amid scarce labor

AFP, Published on 04/05/2018

» WASHINGTON: Unemployment in the United States fell to a fresh 17-year low in April amid steady hiring, welcome news for the White House that also could increase the chance of faster interest rate hikes.

WORLD

Critical US-China trade talks end in Beijing

AFP, Published on 04/05/2018

» BEIJING - China and the US ended the second day of high-stakes trade talks Friday with "big differences", Beijing said, leaving the world's two largest economies on the brink of a trade war that could have knock-on effects on the global economy.

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WORLD

Trump gives China tough trade-deficit target

Published on 04/05/2018

» BEIJING: The Trump administration has asked China to reduce its trade deficit with the United States by $200 billion by the end of 2020, striking an assertive stance in talks aimed at averting a trade war between the world's two-largest economies.